Dear Shareholders, Friends and Team Members,

The Directors of Britannia's Gold Ltd would like to wish all a very Happy New Year and look forward to 2018 being a year of substantial activity. We would hope to bring you details of planned salvage programmes early in the New Year and are intent on further developing the momentum first established in 2017.

WISHING YOU ALL THE BEST FOR 2018

2017 saw some fantastic growth for the Club and we are now over 11.000 business angel across Europe dedicated to helping our unique and exciting companies grow and reach their potential.

Other notable milestones during 2017 was the IPO of Path Investments in March 2017 and the launch of our community funding platform AngelEQT in May. We also welcomed great new companies such as Britannia's Gold Ltd and Mytown Technologies Ltd.

As a Club we have also discovered new territories with Member Trips to the Alps and Porto. If you have not had the chance yet to go on a Member Trip, make sure you don't miss the next one. This spring we will visit Budapest over a long weekend.

But most importantly we have seen growth, growth in members, growth in companies funded by the Club and growth in value of the allocated share entitlements. Some of you have taken the opportunity to sell shares in WideCells Group and profit from the uplift. In December, we saw the comeback of Stockholm IT Ventures (former TRIG) where some of you could sell your shares on the Frankfurt Bourse with the help of our Stock Trading Tool. In 2018 we will see the listing of Ridercam, a company that has been part of the Club since the start and that has shown exceptional growth and progress.

We are convinced that 2018 will be the best year ever for the Club - with new listings - new exciting companies, new financial products and more European business angels becoming active members.